UGC NET Mock 7 on Management – 20 Questions for Practice

1. Three statements are given below:
Statement – I: Introducing an existing product in the new market is called market development.
Statement – II: Introducing a new product in the existing market is called diversification.
Statement – III: Introducing an existing product in the existing market is called market penetration.
Choose the correct option about the statements from among the options given below:

2. Franchise organisation is an example of ______ vertical marketing system.

3. The formula used for valuation of equity shares with assumption of normal growth in dividend is

4. The annual credit sales of a firm is Rs. 12, 80,000 and the debtors amount to Rs. 1, 60,000. The debtors turnover and average collection period are _____.

5. Arrange the following steps in the perceptual process in the sequential order:
1. Interpretation
2. Memory
3. Exposure
4. Attention

6. A company following a strategy of advertising the product for a period followed by a period with no advertising is called

7. A firm’s inventory planning period is one year. Its inventory requirement for this period is 400 units. Assume that its acquisition costs are Rs. 50 per order. The carrying costs are expected to be Rs. 1 per unit per year for an item. What is EOQ?

8. The following data are available from the annual report of a company : Current Assets Rs. 4,80,000; Current Liabilities Rs. 3,00,000; Average total assets Rs. 20,00,000; Operating income Rs. 2,40,000; Average total equity Rs. 8,00,000; Net income Rs. 80,000.
Which of the following statements is correct?

9. Margin of Safety ratio can be calculated as

10. For nominal data, the only measure of central tendency that can be applied is

11. “Motivational research is a form of market research that attempts to discover the deeper reasons why people buy.” Who said it?

12. In multi-level channel arrangement Jobber stands in between ________?

13. The steps taken to solve a problem are given below. Arrange them in the correct order:
(i) Analyze
(ii) Test
(iii) Implement
(iv) Evaluate
(v) Document
(vi) Design
(vii) Develop

14. Statement – I: Operations research seeks to replace intuitive decision making for large complex problems with an approach that identifies the optimal or best alternative through analysis.
Statement – II: Operations Managers have adopted the approaches and techniques of operations research to improve their decision-making.

15. The term inventory includes

16. Tukey Kramer Test is applied when

17. ________ is used for analyzing capacity planning decisions.

18. This cost arises out of the failure of the customers to meet their obligations when payment on credit sales becomes due after the expiry of the credit period.

19. Which of the following statements is true?

20. Two statements are given below relating to sales promotion:
Statement – I: Sweepstakes calls for consumers to submit an entry to be examined by a panel of judges who will select the best entry.
Statement – II: A contest asks consumers to submit their names in a drawing.
Choose the most appropriate answer from among the options given relating to the statements: